Question: 1. Problem (Ch. 15, Time Series Analysis - Seasonality] Mt. Bear is a ski resort in California. Many guests visit there; however, most of them

 1. Problem (Ch. 15, Time Series Analysis - Seasonality] Mt. Bear

1. Problem (Ch. 15, Time Series Analysis - Seasonality] Mt. Bear is a ski resort in California. Many guests visit there; however, most of them come in the winter season because of the phenomenal skiing. A group of hotels has analyzed their demand for the last three yea rs (see the table below]. Year lQuarter Demand 2018 19,000 14,900 13,700 22,100 13,700 12,000 16,500 20,100 19,700 12,100 13,200 23,400 2019 20 20 bWMHbWMH-PLHMH Using a smoothing parameter of 0.3 and an initial forecast of 18,000, forecast demand for the first four quarters in 2021. DO NOT USE EXCELTU SOLVE

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